Copart Inc. (NASDAQ:CPRT) – Investment analysts at Northcoast Research increased their FY2018 EPS estimates for shares of Copart in a research note issued on Wednesday. Northcoast Research analyst J. Healy now expects that the firm will post earnings of $2.86 per share for the year, up from their prior forecast of $2.81. Northcoast Research currently has a “Neutral” rating on the stock.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a report on Wednesday, August 3rd. Barrington Research lowered shares of Copart from an “outperform” rating to a “market perform” rating in a report on Friday, September 23rd. Susquehanna initiated coverage on shares of Copart in a report on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price target on the stock. Jefferies Group restated a “hold” rating on shares of Copart in a report on Thursday, August 4th. Finally, Stephens lowered shares of Copart from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Copart has an average rating of “Hold” and a consensus price target of $55.57.

Earnings History and Estimates for Copart (NASDAQ:CPRT)

Shares of Copart (NASDAQ:CPRT) traded up 0.06% on Thursday, hitting $54.54. 103,379 shares of the stock traded hands. Copart has a 12-month low of $32.26 and a 12-month high of $56.98. The firm’s 50-day moving average is $53.64 and its 200 day moving average is $50.62. The firm has a market cap of $6.15 billion, a P/E ratio of 16.99 and a beta of 0.95.

Copart (NASDAQ:CPRT) last issued its earnings results on Monday, November 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Copart had a net margin of 29.00% and a return on equity of 36.22%. The business earned $345.99 million during the quarter, compared to analysts’ expectations of $326.11 million. During the same quarter in the prior year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 19.8% on a year-over-year basis.

In other Copart news, CEO A Jayson Adair sold 200,000 shares of Copart stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $53.61, for a total value of $10,722,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William E. Franklin sold 100,000 shares of Copart stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $52.95, for a total transaction of $5,295,000.00. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CPRT. HighPoint Advisor Group LLC acquired a new position in Copart during the third quarter worth approximately $484,000. D.A. Davidson & CO. increased its position in Copart by 5.1% in the third quarter. D.A. Davidson & CO. now owns 5,518 shares of the company’s stock worth $295,000 after buying an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Copart by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 581,474 shares of the company’s stock worth $31,144,000 after buying an additional 1,740 shares in the last quarter. Ashford Capital Management Inc. increased its position in Copart by 0.3% in the third quarter. Ashford Capital Management Inc. now owns 317,648 shares of the company’s stock worth $17,013,000 after buying an additional 1,016 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Copart by 86.4% in the third quarter. Ameritas Investment Partners Inc. now owns 29,337 shares of the company’s stock worth $1,571,000 after buying an additional 13,598 shares in the last quarter. 78.50% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/25/fy2018-eps-estimates-for-copart-inc-cprt-boosted-by-northcoast-research.html.

Copart Company Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

5 Day Chart for NASDAQ:CPRT

Receive News & Stock Ratings for Copart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart Inc. and related stocks with our FREE daily email newsletter.